Sanchez Company engaged in the following transactions during Your 1: 1) Started the business by Issuing $11,100 of common stock for cash 2) The company paid cash to purchase $6000 of inventory. 3) The company sold inventory that cost $4300 for $8400 cash 4) Operating expenses incurred and paid during the year. $3800 Sanchez Company engaged in the following transactions during Year 2: 1) The company paid cash to purchase $9.400 ot inventory 2) The company sold inventory that cost $8500 for $15.000 cash 3) Operating expenses incurred and paid during the year, $4800 Note: Sanchez uses the perpetual inventory system What is Sanchez's gross margin for Year 2? WO $1700 5600 Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $12.500 of merchandise on account under tos2/10.30 2) The company returned 52100 of merchandise to the supplier before payment was made 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $19.200 c h What is the main that rests on these four transactions? 8910